June 14, 2023
Interpretation of Bitcoin Daily Chart Trend
The overnight CPI data was lower than expected at 4.1 and was announced at 4.0, continuing to significantly ease inflation. The expectation of no interest rate hike at 2 o'clock tonight rose to more than 90%, which means there is a high probability that interest rates will not be raised and will benefit the market. However, Powell's speech may consider to continue ambiguity and increase uncertainty about recession issues
The Binance hearing at 2 o'clock in the morning today achieved an initial victory. Binance and the SEC reached a preliminary compromise plan and negotiated again on Thursday. This is a protracted battle, but it has temporarily stabilized the continuation of negative FUD.
[See graphic analysis for more details] Pay attention to Lighthouse Theory
#BTC #bitcoin
Interpretation of Bitcoin Daily Chart Trend
The overnight CPI data was lower than expected at 4.1 and was announced at 4.0, continuing to significantly ease inflation. The expectation of no interest rate hike at 2 o'clock tonight rose to more than 90%, which means there is a high probability that interest rates will not be raised and will benefit the market. However, Powell's speech may consider to continue ambiguity and increase uncertainty about recession issues
The Binance hearing at 2 o'clock in the morning today achieved an initial victory. Binance and the SEC reached a preliminary compromise plan and negotiated again on Thursday. This is a protracted battle, but it has temporarily stabilized the continuation of negative FUD.
[See graphic analysis for more details] Pay attention to Lighthouse Theory
#BTC #bitcoin